MOIL gains 1% after reducing manganese ore price

The company has reduced prices of various grades of manganese ore by up to 10% for the January-March quarter.

MOIL gained 1% to Rs. 215.40 on BSE. The company has reduced prices of various grades of manganese ore by up to 10% for the January-March quarter.

The scrip opened at Rs. 212 and has touched a high and low of Rs. 218.7 and Rs. 212 respectively. So far 62117(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3584.28 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.8 on 02-Jan-2015 and a 52 week low of Rs. 183.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 218 and Rs. 208.25 respectively.

The promoters holding in the company stood at 80 % while Institutions and Non-Institutions held 10.48 % and 9.53 % respectively.

The stock is currently trading below its 200 DMA.